Buffett is right in saying that as compared to fiat currency bitcoin has no intrinsic value.. however bitcoin is a concept that has gained a lot of ground and due to it's technological amalgamation and new generation data storage and access system will definitely become a base currency for the virtual world!!!
Jack Dorsey is right.
Warren Buffet- I don't invest in technology I don't understand.
He also missed investing in technology companies in internet era
Warren Buffett who hates the bitcoin says that Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically. So he is terribly wrong, as a bitcoin believer i don't really like him. I am with Jack Dorsey on this. He is explicitly stating that BTC could become a native internet currency.
No one can be right about Bitcoin.
The thing is, both of them may have knowledge on other financial products, but we must accept one fact:
They wont get knowledge away for free to everyone.
Remember how the early market worked
Jack is right, Warren Buffet is old and bitcoin doesn't line up with his agenda , plus he just doesn't understand it and doesn't want to.